Indicate whether Accrued Revenues and Prepaid Expenses result in Deferred Tax Assets (DTAs) or Deferred Tax Liabilities (DTLS): Select one: O a. Both result in DTAS O b. Both result in DTLS. O c. Accrued Revenues result in DTAs, Prepaid Expenses result in DTLS. O d. Accrued Revenues result in DTLS, Prepaid Expenses result in DTAS. Bedford had this info at the end of 2023, its first year of operations: Pretax book income Estimated litigation expense Excess of tax over book depreciation Interest Income on municipal bonds $900,000 100,000 300,000 200.000 No other permanent or temporary differences exist. The litigation item will be paid in 2026. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable. The 12/31/23 Income Tax Payable is: Select one: O a. $90,000 O b. $150,000 O c. $180,000 O d. $240,000 O e. $120,000 The first year of operations for Grayton Company is 2022. Given this information for 2022: Pretax book income Estimated higation expense Excess of tax over book depreciation Interest Income on municipal bonds $800,000 200,000 100,000 100,000 No other permanent or temporary differences exist. The litigation item will be paid in 2023. The depreciation will reverse evenly over the next three years. Tax rate is 30%. Future net income is probable Indicate the proper deferred tax amounts to appear on the 12/31/22 balance sheet. Select one: O a. A noncurrent liability of $30,000 O b. A current asset of $60,000 and a noncurrent liability of $90,000 O c. A noncurrent asset of $60,000 and a noncurrent liability of $90,000 Od. A current liability of $30,000 and a noncurrent liability of $20,000 Oe. A noncurrent asset of $30,000